which of the following is the least scarce?

d. Goods are scarce for the poor but not for the rich. Another word for scarce. The value of a good can be objectively measured. a. inverse b. direct c. independent d. There is no relationship between variables X and Y. ANS: A PTS: 1 DIF: Difficulty: Moderate 119. First come first served. artificially scarce good. Nearly 1.8 billion people in seventeen countries, or a quarter of the world’s population, appear to be veering towards a water crisis—with the potential of severe shortages in the next few years. 97% of the world water is salty water. Underground water sources such as springs, geysers, and underground streams are known as: a. Individuals should never make a decision without having complete information. The conditions include the following: Ambiguous goals. Select one: a. c. Doctrine of prior appropriation. A theory is a. built on the major factors or variables that the theorist believes explain some event. Time is a measure and not a good. Only the 2-3 % of the world's water resources is drinkable. (C) The realism of the assumptions is the best test of an economic theory. (B) Incentives matter--if the personal cost of a choice increases, individuals will be less likely to choose it. . Question 1 Correct Question text Which of the following resources is scarce in a developed economy? The next Chairman of the Federal Reserve should be an economist. a. When the goals of a department or organization are ambiguous, more room is available for politics. Find more ways to say scarce, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. That's why we may say that the second scarce resource on our list is drinking water. b. a simplified abstract representation of the real world. c. used to understand the real world. As a result, members may pursue personal gain under the guise of pursuing organizational goals. b. Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. Ownership of the land adjacent to the water source. b. About 4 billion people, representing nearly two-thirds of the world population, experience severe water scarcity during at least one month of the year (Mekonnen and Hoekstra, 2016) With the existing climate change scenario, by 2030, water scarcity in some arid and semi-arid places will displace between 24 million and 700 million people. :) Clean air is becoming scarce, and I suppose seawater is scarce if you live in an area where the water level might be lower on average than it has been in the past. c. Incentives matter. Question 10 0 / 1 point In London, any motorist entering a particular area in the city center during certain specified times must pay a congestion fee equal to £5, with fines for non-compliance rising to as high as £120. Which of the following is a guidepost to economic thinking? Drinking water could be found normally but not common like salt water. This fact enables us to say that the least scarcity among these belongs to the salt water. (A) Scarce goods are priceless. no goods, since all taxes create inefficiency. c. Doctrine of prior appropriation. d. A judge. Limited resources. Seawater is also considered to be not scarce, and at times other items are not scarce, for instance zucchini in the midwest in the summer. Land c. Raw materials d. Tools e. All of these answers Feedback The correct answer is: All of these answers Question Question text The following sentence is a good example of which kind of statement? Labor b. 22. In states where water is scarce, the ownership and use of water is often determined by: a. Which one of the following states a central element of the economic way of thinking? 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